Scotiabank cuts target for Verizon Communications stock to USD 51.50

Published on 10/05/2026 at 11:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank's target stands at USD 51.50 on October 2, 2026. Verizon Communications stock costs EUR 41.00, plus 0.42 percent versus EUR 40.83.

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Verizon Communications (ISIN US92343V1044) saw Scotiabank lower its price target from USD 52.50 to USD 51.50 on October 2, 2026, while maintaining a Sector Outperform rating, according to MarketBeat. Lang & Schwarz quoted the stock at EUR 41.00 on October 5, 2026, up 0.42 percent from the EUR 40.83 prior close.

Target cut meets earnings contrast

The revised USD 51.50 target followed Verizon's latest quarterly report, which showed earnings per share of USD 1.30 against consensus of USD 1.27. Quarterly revenue reached USD 34.25 billion, below the USD 35.16 billion estimate and down 0.70 percent year over year, MarketBeat reported.

That split matters for the valuation story. Verizon delivered an earnings beat of USD 0.03 per share, but the revenue shortfall of USD 0.91 billion kept the top-line question visible as analysts reassessed telecom valuations.

Analyst consensus stays measured

MarketBeat lists 20 analyst ratings, including 8 Buy ratings and 12 Hold ratings, producing a Hold consensus and an average target of USD 50.90. The Scotiabank target is USD 0.60 above that average.

The same analyst page places Verizon's 52-week range at USD 38.39 to USD 51.68 and reports a market capitalization of USD 190.8 billion. The Lang & Schwarz euro quote is a separate German-market reference and is not combined with those US dollar figures.

Third-quarter results set for October

Verizon will report third-quarter 2026 earnings on October 26, 2026, with a webcast scheduled for 8:30 a.m. ET, according to the company's Verizon. The date gives investors a defined checkpoint for whether revenue performance can improve after the second-quarter shortfall.

Verizon stock remains below its range high

At Lang & Schwarz, Verizon was trading at EUR 41.00 on October 5, 2026 at 11:34 a.m. CEST, up EUR 0.17 or 0.42 percent versus the EUR 40.83 prior close. The further course of trading is shown by the continuously updated real-time quote of Verizon Communications stock.